A "recession" is generally defined as:

A One quarter of declining GDP

B Two consecutive quarters of declining GDP

C A single year of unemployment

D Rising inflation only

✓ Correct Answer: Option B

A recession is commonly defined as two consecutive quarters of negative GDP growth.

💡 Why is B) the correct answer?

The correct answer to the question "A "recession" is generally defined as:" is Option B: Two consecutive quarters of declining GDP.

The other options — A) One quarter of declining GDP, C) A single year of unemployment, D) Rising inflation only — are incorrect for this CPA Exam Prep question. As explained above: A recession is commonly defined as two consecutive quarters of negative GDP growth.

📚 About This CPA Exam Prep Practice Question

This 1-level CPA Exam Prep question from the Business Environment (BEC) topic is part of BrainForge Quiz's free exam preparation library. Each question includes the correct answer and a detailed explanation to help you understand the underlying concept, not just memorize the answer.

How to use this page: Read the question above, consider all four options (A through D), then check the highlighted correct answer and explanation. For active timed practice, start a free CPA Exam Prep practice test or use flashcards for spaced repetition review.

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A "recession" is generally defined as:

✓ Correct Answer: Option B

📚 About This CPA Exam Prep Practice Question

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